Webster Financial (WBS) Misses Q4 EPS by 1c, Revenues Beat

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Go back to Webster Financial (WBS) Misses Q4 EPS by 1c, Revenues Beat

Webster Reports Fourth Quarter 2019 Earnings Of $0.96 Per Diluted Share

January 23, 2020 7:30 AM EST

WATERBURY, Conn., Jan. 23, 2020 /PRNewswire/ -- Webster Financial Corporation (NYSE: WBS), the holding company for Webster Bank, N.A. and its HSA Bank division, today announced earnings applicable to common shareholders of $88.1 million, or $0.96 per diluted share, for the quarter ended December 31, 2019, compared to $96.7 million, or $1.05 per diluted share, for the quarter ended December 31, 2018. Earnings per diluted share would have been $1.01 for the quarter ended December 31, 2018, adjusting for $4.6 million related to a one-time gain on the sale of six banking centers.

For the full year 2019, earnings applicable to common shareholders was $373.0 million, or... More